Antofagasta Sets Out Sustainability Targets
14 December 2021 - 06:44PM
Dow Jones News
By Joe Hoppe
Antofagasta PLC said Tuesday that it will set out a raft of new
targets at its capital markets day later today, including ensuring
100% of its operational energy requirements come from renewables by
the end of 2022.
The Chilean copper miner said it will set out a range of ways to
sustainably improve mining and improve growth. By 2025, it intends
for 90% of the water used in its operations to be from seawater or
recirculated water.
Antofagasta said five-year production could reach around 900,000
metric tons of copper by 2026 if the second concentrator project at
Centinela is approved by the end of 2022, and it has a proprietary
primary sulphide leach technology which--if proved
successful--could allow for use of previously uneconomic lower
grade chalcopyrite ore.
An expanded capital allocation framework now includes climate
change factors and the company said it will build out new ways of
mining using autonomous trucks, remote operating centers and a
digital academy for its employers.
"Today you will hear from our team as we discuss how we mine and
what we are doing to progress the future of mining in a way that is
sustainable and delivers value for all our stakeholders," Chief
Executive Ivan Arriagada said.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
December 14, 2021 02:29 ET (07:29 GMT)
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